Red Robin Gourmet Burgers Shares Down On Revenue Miss

(RTTNews) - Shares of Red Robin Gourmet Burgers, Inc., (RRGB) slipped 4% on extended trading session Tuesday after the restaurant chain's fourth-quarter revenues fell short of estimates and outlook was also weak.

Fourth-quarter net loss was $10.6 million or $0.82 per share, compared to net income of $8.8 million or $0.68 per share last year.

Adjusted net income was $5.4 million or $0.43 per share, down from $10.2 million or $0.78 per share last year.

Revenues for the quarter, which primarily include company-owned restaurant revenue and franchise royalties, decreased 10.8% to $306.8 million from $343.9 million a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.38 per share and revenues of $309.22 million for the quarter.

Comparable restaurant revenue decreased 4.5% in the fourth quarter compared to the same period a year ago, driven by a 4.4% decrease in guest counts and a 0.1% decrease in average guest check.

Looking forward to the full year 2019, the company expects earnings of $1.30 to $1.70 per share. Analysts currently estimate earnings of $1.82 per share.